Good day please help with this question for economics Question 4These questions require application of economic theory. They might include calculations and/orthe drawing of graphs. Answer ALL the questions.Q.4.1 Read the excerpt in the textbox and use the information to answer the questionbelow:Adapted from the Farmer's Weekly. Written by Siyanda SishubaA strong increase in global demand for citrus has so far beenevident in the 2020 export season, according to Justin Chadwick,CEO of the Citrus Growers' Association of Southern Africa.In a statement, Chadwick said increased global demand for lemonshad resulted in 4,5 million 15kg-equivalent cartons being shipped todate. This was double the 1,8 million cartons exported during thesame period in 2019.With reference to the excerpt above, and assuming that the majority of thesales of citrus are going to Europe, explain the impact this increase in thedemand for citrus fruit will have on the rand/euro exchange rate and the valueof the rand.Use a graph, showing the foreign exchange market in South Africa, to aid yourexplanation.

Export and Import has direct impact on the value of exchange rate.

Answered: Q.4.1 Read the excerpt in the textbox…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 6QR

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READ THEN ANSWER THE QUESTION : In January 2020, Starbucks raised their beverage prices by an average of1% across the U.S, a move that represented the company’s firstsignificant price increase in 18 months. I failed to notice because the pricechange didn’t affect grande or venti (medium and large) brewed coffeesand I don’t mess with smaller sizes, but anyone who purchases tall size(small) brews saw as much as a 10 cent increase. The company’s thirdquarter revenue rose 25% to $417.8 million from $333.1 million a yearearlier, and green coffee prices have plummeted, so what gives?Starbucks claims the price increase is due to rising labor and non-coffeecommodity costs, but with the significantly lower coffee costs alreadyimproving their profit margins, it seems unlikely this justification is the truereason for the hike in prices. In addition, the price hike was applied to lessthan a third of their beverages and only targets certain regions. Implementingsuch a specific and minor price…

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